Living close to one's parents to take care of them

Q: I was married recently. My wife wants us to live in a different place than my parents and I know it's in Islam that she has the right for a separate place. I'm more than happy to live with her in a different place. But, Islam also says that the son has the responsibility to care for his parents. I want to know how am I supposed to live with my wife in a different place and simultaneously take care of my parents.

Will the Haafiz who does not practice on Islam be allowed to intercede?

Q: I have heard in a Pakistani Islamic show that not all hafiz e Quran will be rewarded with the power of bakhshish of 10 people in their family, only those who live their life according to Islam after hifz. Those huffaz who do wrong things will be equally asked like other people and they will not have power of bakhsish of 10 people. Is this correct?